Iranian tanker sought by U.S. steams off to unknown destination

The Japan Times

GIBRALTAR – An Iranian supertanker hauling $130 million worth of light crude oil that the U.S. suspects to be tied to a sanctioned organization has lifted its anchor and begun moving away from Gibraltar, marine traffic monitoring data showed late Sunday. The trail left by GPS data on Marinetraffic.com, a vessel tracking service, showed the Iran-flagged Adrian Darya 1, previously known as the Grace 1, moving shortly before midnight. The tanker slowly steered southeast toward a narrow stretch of international waters separating Morocco and the southern tip of the Iberian Peninsula. The vessel had been detained for a month in the British overseas territory for allegedly attempting to breach European Union sanctions on Syria. Gibraltar authorities rejected an 11th-hour attempt by the United States to reseize the oil tanker on Sunday, arguing that EU regulations are less strict than U.S. sanctions on Iran.


Economists: Michigan Economy Could Absorb NAFTA Changes

U.S. News

The economists say the effects would depend on whether Mexico and the U.S. place additional tariffs on each other's exports. They say Michigan could gain 6,400 jobs by 2020 due to more light truck production if there are no new tariffs, but could lose 7,000 manufacturing jobs if there are retaliatory tariffs.


Iranian supertanker US tried to seize moves toward unknown destination

FOX News

Iran officials are pointing the finger at the U.S. and its allies for creating a'matchbox' in the Persian Gulf. Amid a growing confrontation between Iran and the West a year after President Trump pulled Washington out of Tehran's nuclear deal with world powers, an Iranian supertanker the U.S. has suspected to be tied to a sanctioned organization has lifted its anchor and started moving away from Gibraltar, marine traffic monitoring data showed late Sunday. The trail left by GPS data on Marinetraffic.com, a vessel-tracking service, showed the Iran-flagged Adrian Darya 1, previously known as Grace 1, moving shortly before midnight. The tanker slowly moved southeast toward a narrow stretch of international waters separating Morocco and the southern tip of the Iberian Peninsula. The vessel hauling $130 million worth of light crude oil had been detained for a month in the British overseas territory for allegedly attempting to breach European Union sanctions on Syria.


Game of 'chicken tax': GM bets on Mexican-made pickups amid Trump threat to dump NAFTA

The Japan Times

SILAO, MEXICO/DETROIT – General Motors Co.'s assembly plant in Silao, a city in Mexico's automotive heartland, cranked out more than 400,000 highly profitable, large pickup trucks last year, and is critical to the launch of a new generation of Chevrolet Silverado trucks later this year.


Nvidia CEO: "Software is eating the world, but AI is going to eat software"

#artificialintelligence

Tech companies and investors have recently been piling money into artificial intelligence--and plenty has been trickling down to chip maker Nvidia. The company's revenues have climbed as it has started making hardware customized for machine-learning algorithms and use cases such as autonomous cars. At the company's annual developer conference in San Jose, California, this week, the company's CEO Jensen Huang spoke to MIT Technology Review about how the machine-learning revolution is just starting. Nvidia has benefitted from a rapid explosion of investment in machine learning from tech companies. Can this rapid growth in the use cases for machine learning continue?